Cryptocurrency is probably more environmentally friendly than traditional banks - press release Bitcoin News
Cryptocurrency is probably more environmentally friendly than traditional banks - press release Bitcoin News
press release
press release. leading comparison page for crypto services-cryptowissers dives deep into the . Despite a thorough examination by traditional media and press, cryptocurrency may remain more environmentally friendly than traditional banks, only nobody reports about it.
The crypto community expects a green future.
Since the crypto world is constantly being taken from different sources, you need to ruin the earth as the last accusations. While Bitcoin mining is very energy-intensive, the crypto community is constantly working to improve its CO2 footprint.
As far as environmental discoveries are concerned, the future seems to be in the use of proof of stakes systems vs. proof of work. Although several coins have already been migrated from proof-of work systems, many still exist.
The Cryptowisser report detailed, such as proof-of work systems and in particular their safety measures require an astronomical amount of energy. The principles of a Pow system require that individuals manage the process of recording transactions and the review of the data stored in the blockchain, which in turn requires crypto mining and a lot of computer hardware.
Proof of Systems, on the other hand, maintain their transactions with several owners, which are referred to as validators, and with this Proof of Systems protocol, every user creates a knot, and every knot does not need additional energy to prove the credibility of the node, since in contrast to Proof-of-Work systems.
The report also explains the lack of control in many "traditional" industries, including banks. It is true that the crypto industry has to re -evaluate its environmental impact, but you could argue that it is the only financial sector that receives such speculation while traditional banks that consume an incredible amount of energy remain intact.
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